Guest Yorkshirefolk Posted October 27, 2008 Share Posted October 27, 2008 Hiya, I'm looking at transfering some money into my oz commonwealth bank account whilst in the Uk ready for Oz move in a months time. They will charge me £15 I think to transfer the money into Oz account ready for use when I get there. However is this the best way of transferring money? Is is better to use a specialist company like Hifx, ICE, International Currency Exchange? How does these companies work? Do I have to set up an ongoing account? I'm only talking about 7k ... will there be much difference? Any advice or experience appreciated!! Liz Link to comment Share on other sites More sharing options...
Guest grottypots Posted October 30, 2008 Share Posted October 30, 2008 Hi, I did some research of my own regarding getting regular deposits into an Aust savings account and if you get a cheque written on a UK bank in UK pounds and then deposit it into your account the fee is $15 (cheap), but you have to wait a long time for the cheque to be cleared for withdrawal. If you get a T/T (telegraphic transfer) it costs 20pounds as its organised from the UK end plus fees when converting but money is available quickly. If you get deposits from the UK Forex or the HIFX you have to register with them then book a deposit then the money is transferred for a low fee and with a good conversion rate but it is a bit of mucking about. If its a one off deposit and you don't mind waiting for 30 days to access the funds then a straight cheque on the UK bank is the easiest. grottypots Link to comment Share on other sites More sharing options...
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